EURAUD - Downward trend will continue, Short trade by market price recommended
September 15, 2020 9:29:58 AM
Forecast Details
PairEURAUD
Direction
Sell
StatusClosed (1.618)
-105 p
1.6340
Stop Loss
1.6235
Entry
+85 p
1.6150
Target 1
+105 p
1.6130
Target 2
About Author
Alexander Zorevyk
Expert
Related Links
Buy or Sell
More Pairs
Thanks for Voting!
Buy
Sell
Look like you are with the Crowd.
Fix it with Sentiment Strategy
Fix it with Sentiment Strategy
Congratulations! According to Sentiment Strategy you’ve made a right
decision.
You've already voted this pair. You can vote again later (when?) or try voting other
pair.
Total votes: 4
Buy or Sell
Chart & Analyst Comments
For today's forecast, we recommend a Sell Order at this recommended market price - 1.6235. This idea is based on the following analysis:
- According to the most brokers’ data, more than half of the traders are currently in long positions on EURAUD. As a result, we recommend considering only Short trades at this time.
- In this sideways movement, retail traders prefer to hold long trades. There seem to be a major player interest in an downward movement.
- Stop loss should be taken out of the buyers cluster. If the price passes it, it will likely go on.
